Return on equity decreased IBA

Baku/30.04.14/Turan : JSC International Bank of Azerbaijan (Group IBA), the country's largest bank in terms of assets , announced the consolidated annual financial statements for 2013 (http://www.ibar.az/index.php?in = Section & run = show & id = 416).

According to the report , accompanied by the audit report of Deloitte & Touche, the total income of the bank and its subsidiaries increased from 61 million 293 thousand to 75,018 manats , but the yield on the shares fell 1 gepiks , and for the year was 4 gepiks .

Of the net profit of only 58.9 million manat were classified as belonging to the shareholders, which is 6 mln more than in the year 2012. In the past year, interest income group IBA amounted to 467.7 million manat, and payment and commission income - 101 million manat.

As of 1st January 2014 attributable to shareholders ' equity increased by 42.7 % to 590.7 million manat.

At the beginning of the year assets IBA was 7 681.2 million manat, which is 1.5 bn or 24.4 % more than the end of 2012. The volume of loans and advances to customers at 31st December 2013 amounted to 6.6 billion manat.

Under the law, companies that prepare consolidated financial statements must submit them to the June 30, other companies - until the 30th of April. While Interbank not present financial statements for discussion and approval of the shareholders. Since 2012 , the group , which includes three banks in Azerbaijan, Russia and Georgia , insurance , leasing and processing company resumed the distribution of dividends. - 08D-